New Delhi, June 26 -- Buying a car is a significant financial decision, and opting for the right loan can help reduce the overall cost of borrowing.

Several public- and private-sector banking institutions, as well as NBFCs, offer competitive interest rates and financing options. Therefore, a thorough comparison of applicable interest rates, EMIs, tenure options and processing charges is critical for borrowers before deciding on a car loan offer.

As of June 2026, car loan interest rates start from as low as 7.35% per annum. However, the final interest rate offered depends on factors such as the borrower's credit score, current debt levels, past loan servicing history, credit profile performance, current income, employer profile, and loan...